Embree Financial Group Has $450,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Embree Financial Group lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 505 shares of the Internet television network’s stock after selling 80 shares during the period. Embree Financial Group’s holdings in Netflix were worth $450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at $43,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter worth $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. This trade represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock worth $123,913,691 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.7 %

Shares of Netflix stock opened at $977.59 on Friday. The company has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The company’s fifty day simple moving average is $895.13 and its 200-day simple moving average is $766.98. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NFLX. KeyCorp increased their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC increased their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Loop Capital boosted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday. Macquarie increased their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.